Gold Investments Market Update - COMEX Gold Very Oversold; Dollar Very Overbought |
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COMEX gold continues to stink up the room after sharp falls in recent days as the dollar has strengthened considerably and oil prices fallen sharply. The technical damage sustained to COMEX gold has been severe and chart watchers are now tentatively looking to support at $750/oz. Meanwhile the COMEX gold price is becoming less important to the setting of the physical gold bullion price internationally as shortages lead to much higher premiums being paid (both by buyers and sellers as retailers Read More...
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